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Also the biggest change is versus EUR (who was crashing vs USD). CHFUSD wasn't affected as much if you compare with previous years rates. Additionally every la

by tonfa 12y ago

Also the biggest change is versus EUR (who was crashing vs USD). CHFUSD wasn't affected as much if you compare with previous years rates. Additionally every large company does currency hedging to protect itself from those events.

seanmcdirmid 12y ago
Google must also earn some CHF to offset R&D costs (and maybe a subsidy also from the Swiss gov?).